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Author Topic: Will the government ban bitcoin?  (Read 1839 times)
Altero
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March 10, 2018, 11:51:34 PM
 #81

Governments won't banned crypto if they can generate income from there. Even though we knew some countries are banning crypto but not in the way that they just want to swift it out. I know they want crypto coming back after regularization taking effect, they only wanting for the securities and taking controls  on the way it used by some illegal activities.
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March 10, 2018, 11:54:22 PM
 #82

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

I know there is really is a probability of banning bitcoin  yet they have no choice but to be wuth what people want.  Many are really against unto it but couldn't  do much about it. Maybe we just have to really deal with it or shoyld i say they must just deal with it since i stronghold couldn't  even ban such thing

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March 10, 2018, 11:55:27 PM
 #83

I think governments will embrace and accept it for the most part. I'm sure they have realized banning things are counter-productive in the past.
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March 10, 2018, 11:56:57 PM
 #84

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
Today what the bitcoin is , not suddenly happened but it is at this stage with step by step growth where it get down much many times and and also faced many problems of legalisation ( whether legal or not and many things that were forcing bitcoin to get stop his network ) .
But day by day people gave Thier interest in this field and most of them goes with the bitcoin and they increases the demand of the bitcoin to make better success and what the bitcoin is today has value by trust is the users to each other that bitcoin have value otherwise it is written data that is highly encrypted and also no one can beat this technology , so here it is much better for us to say that bitcoin is not going to end and no one can stop or ban bitcoin Because bitcoin is king of all the coins and also of the banking sector security component with bloclchain system.

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Wish 107.5
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March 10, 2018, 11:59:19 PM
 #85

I think governments will embrace and accept it for the most part. I'm sure they have realized banning things are counter-productive in the past.
I believe that government will not going to ban Bitcoin, I think they will accept it after a long period of time. Government officials have no control to it but it will never be enough reason to ban Bitcoin.
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March 11, 2018, 12:00:45 AM
 #86

China has been active in regards of cryptocurrency, if all governments attempt to regulate bitcoin then it will definitely have an impact and it could be good or bad
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March 11, 2018, 12:14:12 AM
 #87

I think governments will embrace and accept it for the most part. I'm sure they have realized banning things are counter-productive in the past.
I believe that government will not going to ban Bitcoin, I think they will accept it after a long period of time. Government officials have no control to it but it will never be enough reason to ban Bitcoin.

I also think so. If the government will only give chance to understand the bitcoin for sure they will know how good is bitcoin. They will look the advantages and disadvantages of the bitcoin regulation and all there worries for bitcoin  can be solve.
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March 11, 2018, 12:43:26 AM
 #88

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
I think there is a little possibilities because I believe that the governments all over the world don't have enough knowledge about bitcoin so that they didn't know what is the good thing about it.Also they don't have any reason to ban it because it gives a source of income to the unemployed people.
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March 11, 2018, 01:11:09 AM
 #89

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
No they can not ban bitcoin as time goes and flies a lot if people are already a bitcoin investors and work g in a bitcoin world
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March 11, 2018, 01:17:46 AM
 #90

Even for now, bitcoin is too big to fail. Some governments also have already joined into the cryptocurrency. As you mentioned, exchanges have become some governemtns' targets time and time again and it's a valid point. But, there are projects about decentralized exchange. Once it's established and there's no loss of users' trust on bitcoin, bitcoin will become more resistant to government interventions.

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March 11, 2018, 01:24:10 AM
 #91

There are many speculations about cryptocurrency introduce to the government. One I heard is, they will ask for a tax or else it will be illegal and this might end the transaction of bitcoiners meaning to say it will be ban. Thus, these speculations are not  yet proven since it doesn't affect the market yet and it is just a hear says. If ever that this speculation happened, we might probably earn lesser amount than the usual value we are expecting since 12% has a big impact to the present value of bitcoin and it will allow the government to get their income for many planned projects which I hope is a legit project for the country.
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March 11, 2018, 01:53:03 AM
 #92

It depends on the situation, maybe if bitcoin is being used in bad things or used in doing such criminal things then the government would probably ban bitcoin. Bitcoin is very powerful and it can be used as the money to be used in buying such things and when the point comes that bitcoin is being used in underground stores which sells illegal guns and drugs, government will start to ban and destroy bitcoin. We all know that government is the one who controls and rules all over a country, and whenever bad things happen, they will be the one to control it.
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March 11, 2018, 02:34:14 AM
 #93

Government only wants to ban bitcoin because they think bitcoin is used in doing illegal things/transactions like buying illegal drugs, but I don't think government can totally ban it. There are lot of users who benefit from bitcoin and I think this advantage of bitcoin will be considered by governments to stop banning and will be the reason to not ban bitcoin at all.


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March 11, 2018, 03:29:35 AM
 #94

I understand what you are saying, the thing is that this is actually starting the government is starting to getting control with bitcoin because they want to control the flow of bitcoin but I don't think that they will ban bitcoin because they can also benefit from it and earn from it. In the future for sure, they will also make their own coin but in this case, they can take advantage of it and they can also earn from it while they are controlling it.
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March 11, 2018, 04:05:16 AM
 #95

I think NO, because there is no such country would ban bitcoin that some business investor using it. What i think is that the government will find ways how to collect tax by the users of bitcoin. They probably legalize it in-order to collect tax by lawful means. 
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March 11, 2018, 05:10:08 AM
 #96

I think the government will not ban the bitcoin at this time. Because bitcoin is growing vigorously. There are a lot of people investing in bitcoin. And I also invest in it. bitcoin is affecting the world finances. so bitcoin will not be banned.
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March 11, 2018, 05:27:20 AM
 #97

Yes it is possible that government will ban bitcoin but it depends on how we people will handle it and on how we use it
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March 11, 2018, 06:33:23 AM
 #98

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

The govenrment is reliable in doing such work, but why would the government ban such thing that could make the people its conquering productive. we should really put our eyes on simple logics on how bitcoin is a great thing.

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March 11, 2018, 07:13:16 AM
 #99

I think not, bitcoin has short-term and long-term value, so in my opinion in the future, the government will not ban bitcoin

today we see higher bitcoin spreading, so the government will be scared and worried if the national currency can be replaced by crypto currency.

then, the government seems will using blockchain technology for surviving their existention. so impossible they ban bitcoin.

maybe the government will manage and control bitcoin well in future. like taking the tax from the owners bitcoin.

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March 11, 2018, 07:17:28 PM
 #100

Yes it is possible that government will ban bitcoin but it depends on how we people will handle it and on how we use it
Some government have already banned bitcoin but i think their people still manage to use bitcoin, in my country the State banks has turn bitcoin trading as illegal but still people continue trading bitcoin, i am hopeful that in respect of the increasing interest of the people in bitcoin government will very soon change their decision and will hopefully turn bitcoin as legal currency.
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